Global ratings agency Moody’s has revised Kenya’s outlook to positive from negative, saying the liquidity and debt affordability concerns that caused a rating downgrade in July 2024 have eased due to falling domestic interest rates.

Kenya’s fiscal position has received a boost after global credit rating agency, Moody’s, revised the country’s credit outlook from “negative to positive.”Moody’s, however, affirmed that the local and foreign-currency long-term issuer ratings and foreign-currency senior unsecured debt ratings still stand at CAA1.

Kenya’s fiscal health has received a boost after Global credit ratings agency Moody’s Ratings (Moody’s) revised the country’s credit outlook and changed it from negative to positive. Moody’s on Friday,